News Topic: Eastern Bank

The Boston community bank and a fintech called Monit have developed an app that helps small-business owners forecast their cash flow and how certain events could affect them. ... Read full article

Small and midsize banks would pay for access to the Monit app and offer it to small-business clients as an add-on service. ... Read full article

Eastern Bank in Boston could raise as much as $1.7 billion to spend on acquisitions and technology investments that it says will be necessary to respond to customers' increasing preference for digital tools. ... Read full article

The startup spawned in Eastern Bank's innovation lab says its bank customers asked for client-friendly software for account opening, credit cards and more types of commercial lending. ... Read full article

Numerated, vendor of loan prospecting, marketing and underwriting software that was developed within Eastern Bank, now has $32 million. ... Read full article

The Pittsburgh bank is using software initially developed by a fellow mutual to help build out its platform. ... Read full article

In the past few years, APIs have become a surprisingly hot topic, considered by many as a golden key to open banking and innovation. ... Read full article

Karen Mills, who led the Small Business Administration from 2009 to 2013, is joining the Eastern Bank spinoff Numerated as an adviser and investor as it tries to bring online-lending technology to community banks. ... Read full article

Thanks to big tech companies, the business world is moving to third-party platforms, or online marketplaces where sellers pull buyers' products off digital shelves. A growing number of financial institutions — including BBVA, Citi and community banks ... Read full article

Everyone agrees good corporate governance involves a board that is just the “right” size and has a “good mix” of knowledgeable insiders and independent watchdogs. But setting bright-line rules for banks as varied as M&T, Wells Fargo and Eastern Bank is ... Read full article